# Tempe / Town Lake, Phoenix — Class A submarket

> Tempe / Town Lake is a trophy-tier Class A submarket of Phoenix with average asking rent around $44/sqft/yr.

**Canonical URL:** https://classa.info/cities/phoenix/tempe
**Page type:** neighborhood
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Mid-rise Class A frontier on the lake.
- Trophy tier — ~$44/sqft/yr.
- Active Class A leasing market with deal flow across major broker desks.

## Key facts
- **city**: Phoenix
- **neighborhood**: Tempe / Town Lake
- **tier**: trophy
- **averageRentLocal**: $44/sqft/yr

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Citation: Source: Class A Atlas (https://classa.info/cities/phoenix/tempe), updated 2026-04-15T00:00:00.000Z.